hanghai-based Spring Airlines, the most successful Chinese low-cost carrier, is preparing to launch a carrier in Japan to gain a deeper foothold in the Japanese market.
Spring spokesman Zhang Wu'an said the carrier has registered a company in Japan; however, since foreign investors can hold no more than a one-third stake in a Japanese airline, it is looking for a Japanese partner. Zhang said Spring is negotiating with potential investors in the new entity (ATW Daily News, July 12).
According to Zhang, Spring also plans to explore other international markets. To that end, it will open new routes to Thailand and South Korea next year. (atwonline.com)
hanghai-based Spring Airlines, the most successful Chinese low-cost carrier, is preparing to launch a carrier in Japan to gain a deeper foothold in the Japanese market.
Spring spokesman Zhang Wu'an said the carrier has registered a company in Japan; however, since foreign investors can hold no more than a one-third stake in a Japanese airline, it is looking for a Japanese partner. Zhang said Spring is negotiating with potential investors in the new entity (ATW Daily News, July 12).
According to Zhang, Spring also plans to explore other international markets. To that end, it will open new routes to Thailand and South Korea next year. (atwonline.com)